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Cannabis M&A: Trulieve-Harvest Deal May Push Rivals to Pursue Deals


Samatha Lee/Business Insider
Trulieve is buying Harvest Health & Recreation in a $2.1 billion deal. 
Cannabis investors say the deal will put pressure on rival companies to pursue big-ticket M&A.
These companies include Curaleaf, Green Thumb Industries, and Cresco Labs. 
The largest US cannabis companies should be feeling pressure to pursue big-ticket mergers after Trulieve s blockbuster bid to buy Harvest Health & Recreation, top investors in the industry told Insider.
Investors expect Trulieve s rivals like Curaleaf, Green Thumb Industries, and Cresco Labs to continue expanding through acquisitions as they jockey to dominate a rapidly expanding legal-marijuana map in the US.
These deals could come in states that have recently legalized cannabis, like Arizona, or states like Pennsylvania and Connecticut that are expected to do so in the near future, investors said.  ....

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